The options/possibilities are almost endless (within the constraints of the graphic file). Once I figured out the sequence of the PC's compressor VU meter I made it digital - numbers instead of needle.
As far as keeping a graphic within the confines of it's original size, that's not always necessary. Each graphic behaves differently but you can experiment with resizing one and see what happens. Sometimes the results are quite nice.
Just to clarify, Sonar positions a graphic according to it's top left corner, so any size changes have to be to the right and/or down. You cannot extend a graphic to the left or higher than it already is. Unless... there is empty space (transparency) that allows you to move an image within the graphic closer to that corner.